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Global rules leave Crypto firms with no place to hide: G20 Watchdog

Global rules leave Crypto firms with no place to hide: G20 Watchdog

by AIP Online Bureau | Jul 17, 2023 | Eco/Invest/Demography, International News, Risk Management, Wealth Management/ Philanthropy

The European Union has already approved the world’s first comprehensive set of rules for cryptoasset markets, but the FSB’s ‘global baseline’ minimum standards are designed to accommodate jurisdictions that want to go further Globally agreed rules leave crypto firms...

US tightens crackdown on crypto with lawsuits against Coinbase, Binance

by AIP Online Bureau | Jun 8, 2023 | Eco/Invest/Demography, Technology, Wealth Management/ Philanthropy

If successful, the lawsuits could transform the crypto market by successfully asserting the SEC’s jurisdiction over the industry which for years has argued that tokens do not constitute securities and should not be regulated by the SEC. The top U.S. securities...
Hacks, exploits cause over $100 mn in crypto losses in April: Report

Hacks, exploits cause over $100 mn in crypto losses in April: Report

by AIP Online Bureau | May 5, 2023 | Data, Eco/Invest/Demography, Risk Management, Technology, Wealth Management/ Philanthropy

According to the blockchain and smart contract security company CertiK, the total funds hackers managed to drain in April from crypto projects was $103.7 million, bringing the total year-to-date loss to $429.7 million New Delhi: More than $100 million worth of...
India calls for global coordination to effectively regulate cryptocurrency

India calls for global coordination to effectively regulate cryptocurrency

by AIP Online Bureau | Apr 25, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology, Wealth Management/ Philanthropy

Nirmala Sitharaman,Union Finance Minister “The underlying principle is because the digital currencies are completely digitalised and technology-driven, the technology, which is very distributed, and sometimes identity is very difficult to be established, but...
U.S. SEC sees decentralized crypto platforms as exchanges, seeks public input

U.S. SEC sees decentralized crypto platforms as exchanges, seeks public input

by AIP Online Bureau | Apr 19, 2023 | Eco/Invest/Demography, International News, Regulation, Technology, Wealth Management/ Philanthropy

The SEC voted 3-2 to take additional comments from the public after crypto firms criticized the plan as vague and aimed at roping in decentralized finance platforms, also known as DeFi platforms that would otherwise not be subject to the regulator’s oversight...
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